The Treasury plans to place this Tuesday up to 5,500 million in an auction of 6 and 12-month bills

MADRID, 9 Ago. (EUROPA PRESS) -

The Public Treasury expects to capture between 4,500 million and 5,500 million euros this Tuesday in a new auction of 6 and 12-month bills, according to the objectives announced by the body dependent on the Ministry of Economic Affairs and Digital Transformation.

In the last issue of this type of references --on July 5--, the Treasury placed 5,334 million euros, with a return of 0.134% for six-month debt and 0.702% for 12-month debt. In that latest issue, the Treasury began paying for six-month bills for the first time since 2015.

In recent auctions, the Treasury has had to pay investors more for debt securities, coinciding with the rate hikes by the Fed and the decision of the Governing Council of the European Central Bank (ECB) to raise interest rates at 50 basis points.

In accordance with the financing strategy, the Public Treasury maintains the net debt issuance forecast for 2022 at 75,000 million, practically similar to the figure for 2021 (75,138 million), while it forecasts that the gross issuance will be reduced by 10% compared to last year, up to 237,498 million euros.

As in recent years, the bulk of the expected gross issuance will be concentrated in Treasury bills and in government bonds and obligations.